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The European Commission Made Significant Efforts to Accelerate the Clean Energy Transition Through Auction Design for Renewable Energy Projects

/BRUSSELS, BELGIUM, August 27, 2025, 11:30 CET, RENEWABLE MARKET WATCH™/ Renewable energy is growing quickly, largely due to auctions conducted by Member States. This rapid growth is also aided by the decreasing costs of renewable sources, particularly solar and wind energy. To meet the EU’s binding target of a 42.5% share of renewable energy in […]
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Opdenergy Acquired 13 Operational Wind Farms with a Total Power Capacity of 440 MW from Acciona Energia

/MADRID, SPAIN, July 28, 2025, 10:00 CET, Opdenergy/ Opdenergy, an independent renewable energy producer, today announced the acquisition from Acciona Energía of a portfolio of operational wind assets with a total capacity of 440 MW. The assets comprise 13 wind farms located in Albacete, Cádiz, Cuenca, Lleida, Valencia, and Zamora. The transaction is expected to […]
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Bord Gáis Energy to Become the Largest Solar Power Off-taker in Ireland with Announced 629 MW Power Purchase Agreements (PPAs)

/DUBLIN, IRELAND, July 18, 2025, 11:45 IST, Bord Gáis Energy/ Ireland’s leading energy services provider Bord Gáis Energy has significantly strengthened its renewable energy portfolio with the announcement of multiple long-term Power Purchase Agreements (PPAs) with prominent renewable energy developers. The projects, which total over 629 MW of installed renewable capacity spanning both solar and […]
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Iberdrola Spain and Renfer Signed a Corporate Renewable Power Purchase Agreement (PPA) for 3,700 GWh of Wind Energy until 2035

/Madrid, SPAIN, June 19, 2025, 9:30 CET, Iberdrola/ Iberdrola España, Iberdrola's subsidiary in Spain, and Renfe, Spain's main railway company, join forces to promote the use of wind power in passenger and freight rail transport in Spain, the most electrified mode of transport. The two companies have signed an agreement to purchase onshore wind energy through a VPPA (Virtual Power Purchase Agreement) for 370 GWh a year for a period of 10 years, equivalent to the output generated by 190 MW of wind power.
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Masdar Acquires Saeta Renewables Platform and Partners with Endesa for a Portfolio of Operating and Development Wind and Solar Projects with a Total Capacity of over 4GW in Spain and Portugal

/Abu Dhabi, U.A.E, December 23, 2024, 11:30 GMT, Masdar, RENEWABLE MARKET WATCHTM/ Masdar, the UAE's leader in clean energy, has significantly expanded its European portfolio by completing two major acquisitions in Spain and Portugal to underpin its ambitious growth plans further. Masdar acquired Saeta Yield ("Saeta") from Brookfield Renewable Partners (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners ("Brookfield"), for an enterprise value of €1.2 billion and an equity value of €696 million.
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DRI and OMV Petrov Have Signed the Largest Physical Power Purchase Agreement (PPA) for Solar Photovoltaic (PV) Power in Romania to Date

/BUCHAREST, December 20, 2024, 11:00 GMT, DRI, OMV Petrom/ DRI, the EU renewables arm of Ukrainian energy company DTEK, has signed the largest physical solar power purchase agreement (“PPA”) in Romania with OMV Petrom S.A., the largest integrated energy producer in Southeastern Europe. The PPA is a package deal, grouping three PPAs with OMV Petrom over an 8.5-year period for approximately 100GWh per year at a fixed rate, including the sale of physical electricity and Guarantees of Origin.
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Agricultural Work Started at 54 MWp Photovoltaic (PV) Park Alhendín of BayWa r.e. in Spain

/MUNICH, GERMANY, December 12, 2024, 10:00 CET, BayWa r.e./ BayWa r.e. is pleased to announce that agricultural work recently has commenced at Alhendín solar park, combined with environmental and community measures. Thanks to an innovative PPA agreement with the VELUX Group, this flagship 54 MWp-photovoltaic (PV) park in the South of Granada, Spain integrates renewable electricity production, agriculture and biodiversity. Alhendín began delivering electricity to the local power grid in May of this year. The solar park includes an Agri-PV system that combines energy generation with agricultural production, allowing modern farming…
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Iberdrola and Masdar Close Their EUR 1.6 Billion Alliance to Develop Offshore Wind in the Baltic Sea

/MADRID, November 2, 2023, 10:00 GMT, Iberdrola/ Iberdrola has signed a strategic agreement with Masdar, a major renewable energy group based in Abu Dhabi, to co-invest in the 476 MW Baltic Eagle offshore wind farm, located in the German Baltic Sea. Following confirmation that all the necessary regulatory approvals have been received, Iberdrola will have a majority stake of 51% in the project, which will help to accelerate energy independence in Europe.
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